EUV-SH definition
EUV-SH means a valuation made on the basis of existing use value for social housing (EUV-SH) as defined by the RICS at UK VPGA 7 of the RICS Valuation – Global Standards – UK National Supplement (effective from 14 January 2019) (or, if a subsequent edition of the RICS Valuation Standards has been published at the relevant time, the relevant valuation standard of the then most recently published edition of the RICS Valuation Standards) or, if the RICS Valuation Standards are no longer published at such time, on a basis agreed between the Issuer, the Bond Trustee and a Valuer, and "EUV-SH Charged Properties" shall be construed accordingly;
EUV-SH means (provided that the Valuer determines that such basis is an appropriate basis for the valuation of those Charged Properties) the value of the Charged Properties determined on the basis of the existing use value for social housing (EUV-SH) as defined in UKVS 1.12 and in accordance with the guidelines set out in the RICS Valuation Standards (as amended from time to time);
EUV-SH. ’ means the estimated amount for which a property should exchange, on the date of valuation, between a willing buyer and a willing seller, in an arm’s-length transaction, after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion, subject to the following further assumptions that:
Examples of EUV-SH in a sentence
Without the required variations, the value of the applicable properties will be restricted to EUV-SH which can be up to 70% less than the market value of the applicable properties.
More Definitions of EUV-SH
EUV-SH. ’ means the estimated amount for which a property should exchange, on the date of valuation, between a willing buyer and a willing seller, in an arm’s-length transaction, after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion, subject to the following further assumptions that: